On April 9, the PX commodity index was 34.40, which was the same as yesterday, setting a new low in the cycle, 66.41% lower than the highest point of 102.40 on February 28, 2013. (Note: cycle refers to 2013-02-01 to now)
According to statistics, the market price trend of p-xylene in China is temporarily stable, the operation of new 600000 ton plant in Hongrun is stable, the operation of petrochemical plant in Pengzhou is stable, 50% of petrochemical plant in Urumqi is started, one line of aromatics plant in Fuhai Chuang is started, CNOOC Huizhou refining and chemical plant is overhauled, the PX plant in Hengli Petrochemical is put into operation, other units are temporarily stable, and the operation rate of domestic p-xylene plant is stable In about 70%, the domestic market supply of p-xylene is normal, and the domestic market price trend of p-xylene is stable temporarily. The operating rate of PX plant in Asia is about 80%. On April 8, the closing price of PX market in Asia fell by 11 US dollars / ton, and the closing price was 455-457 US dollars / ton FOB South Korea and 475-477 US dollars / ton CFR China. More than 40% of PX needs to be imported in China. Recently, affected by the fluctuation of crude oil price, the external price of PX declined slightly, and the market price trend of PX was stable temporarily.
| PVA |
As of August 8, WTI crude oil futures market in the United States rose, with main contracts at 25.09 yuan / barrel, or $1.46. Brent crude oil futures market prices rose, with the main contract at US $32.84/barrel, or US $0.97. OPEC + member states are discussing plans to reduce production in at least the next three months (may July). Russia’s energy ministry has received an invitation from OPEC to participate in Thursday’s video conference. Both oil producing countries have expressed their willingness to negotiate. At the same time, they have pointed out that the United States should also significantly reduce oil production by 10 to 15 million barrels / day. The rising crude oil price supports the cost of downstream petrochemical products, and the market price trend of p-xylene is stable.
In terms of downstream PTA, the price of domestic PTA spot market rebounded slightly. As of April 9, the market average price was 3395.96 yuan / ton, and PTA price rebounded slightly in recent two days. Affected by the rise of crude oil price, the price of PTA Market in the downstream rebounded higher. Recently, the industry and trade of Fuhua and BP Zhuhai were restarted, and the domestic PTA plant load increased to 92.27%. At present, the overall inventory pressure in the market is still large. Domestic polyester production fell to 80.45% and weaving industry production rate was 54.85%. The U.S. actively brokered oil price negotiations. The price of oil rose and PTA price rose slightly. At present, the load has returned to a higher level, and the inventory is still high. There are 30-35 days for each polyester warehouse. Affected by the decline of export orders, the inventory and capital pressure of textile enterprises rose, but PTA price rose due to the support of crude oil, and the domestic price trend of p-xylene was temporarily stable.
Recently, the crude oil price has risen, the downstream PTA market price has rebounded, and the downstream demand of the terminal has not improved significantly. The business analysts believe that the PX market price may keep fluctuating.
| POLYVINYL ALCOHOL |